Washed Up Hollywood Shark Tank Update (Season 1)

Danon Beres is the CEO of Belt and Buckle brand Washed Up Hollywood. So he appeared on Shark Tank Season 1 Episode 8 and asked the Sharks for $500,000 for 25% equity at a $2 Million Valuation.

The Sharks were not happy with the demand for investment at a $2 million valuation, and the sales of the business were not able to justify the valuation. All the sharks refused to invest in this business and the Danon had to come out of the shark tank empty-handed.

What Is Washed Up Hollywood?

Washed Up Hollywood is a company that manufactures and sells belts and buckles. The target audience of this product is males and females 18-40 years old. Many celebrities have worn their belts and have also been featured in magazines. This is completely family business.

Company NameWashed Up Hollywood
FounderDanon Beres
FoundedN/A
ProductBelt and Buckle
Asked For$500k for 25% equity
Final DealNo Deals
SharkNo Sharks
Episode (Shark Tank USA)S1 E8
Air DateOct 6th, 2009
Business StatusOut of Business
WebsiteVisit Website
HeadquartersAustin, Texas, USA
Lifetime Worth (Sales)$1M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Washed Up Hollywood?

Danon Beres is the CEO of Washed Up Hollywood Company, although this business was started by Danon’s father. This is a family business run by his father, brother, and sister.

Danon is currently Senior Sales Manager, Mid-Market at cybersecurity company Huntress.

How Was The Shark Tank Pitch of Washed Up Hollywood?

After entering Shark Tank, Danon asked the Sharks for $500k for 25% equity. These belts are sold in 300+ stores in 12 countries including the United States, Canada, and more. Sales in 2008 were $438,000 and profit was $50,000. The belts retail for $55-$99 and wholesale for $40.

Last year 10,000 belts were sold. Danon has invested $120,000 in this business. The Sharks are concerned about the company’s $2 million valuation. Robert Herjavec said he liked the product but not the valuation.

Kevin O’Leary said this company is not worth a $2 million valuation. Robert said he would give $500k but how would he get his money back? Danon said the company would be worth $32 million in 5 years.

Daymond John said that he does not believe that this belt would have sold 10,000 in a year. Robert Herjavec, Kevin Harrington, Barbara Corcoran, Kevin O’Leary, and Daymond John refused to invest in this company because according to them this company is not worth $2 million.

Sharks Offers list!

SharksOffers
Barbara Corcoran Barbara CorcoranNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Robert Herjavec Robert HerjavecNo Offer
Daymond John Daymond JohnNo Offer
Kevin Harrington Kevin HarringtonNo Offer
Founder’s (Countered)No Counter
Final DealsNo Deals

What Happened To Washed Up Hollywood After Shark Tank?

Washed Up Hollywood did not get the deal on Shark Tank because CEO Danon Beres claimed the company was worth $2 million. During an interview, Danon said that the belt is sold in 300+ stores and many boutiques across the country.

He said he needed the money so he could make the product available in more stores. After Shark Tank, their store is getting a very good response and is also generating good sales.

In response to Daymond and Kevin calling Danon a lying pig, Danon said that they wanted to steal my company. Their belts will be available on eBay in March 2024. The official website and social handle of this company are not valid until March 2024 and CEO Danon is currently working in cyber security company Huntress.

Washed Up Hollywood Shark Tank Update

Washed Up Hollywood did not get the deal in Shark Tank, but despite this, the sales of this company increased. Many people bought their belts after watching this episode of Shark Tank.

What Is Washed Up Hollywood’s Net Worth?

Washed Up Hollywood’s net worth is estimated at $400,000. Not much information related to this company is currently available on the internet and the CEO is also not associated with this company.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2008-24$1M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
N/AN/AN/A

Is Washed Up Hollywood Still In Business?

This company does not have a social presentation yet and the official website has also been shut down, although the product is available on eBay. CEO Danon is currently working in another company.

It seems that this company has now completely closed down. The company’s Official Address Was Austin, Texas, United States.

No, Washed Up Hollywood has been out of business since 2020.

frequently asked questions

Who founded Washed Up Hollywood?

Washed Up Hollywood was founded by Danon Beres.

Did Washed Up Hollywood get a deal on Shark Tank?

No, Washed Up Hollywood didn’t get a deal on Shark Tank.